secwatch.observer — SEC 8-K summary
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Issuer:     MCCORMICK & CO INC (MKC)
CIK:        0000063754
Form:       8-K
Filed at:   2022-03-29T23:59:59+00:00
Accession:  0000063754-22-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

McCormick Q1 sales +3% but adjusted EPS $0.63 down 12.5% YoY; reaffirms FY2022 guidance
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- Sales $1.52B (+3% reported, +4% constant currency); Consumer -2%, Flavor Solutions +12%.
- GAAP EPS $0.57; adjusted EPS $0.63 vs $0.72; declined on inflation and supply chain costs.
- Operating income $207M; adjusted operating income $227M vs $263M; gross margin down 220 bps.
- FY2022 outlook reaffirmed: sales +3-5% (4-6% cc), adj. operating income +7-9%, adj. EPS $3.17-$3.22.
- Consumer segment sales -2% (Americas +2%, EMEA -14%, Asia/Pacific -4%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/63754/000006375422000012/0000063754-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/63754/000006375422000012/mkc-20220329.htm
  HTML page:      https://secwatch.observer/filing/0000063754-22-000012

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